-- To help student community
make better sense of our ranking, we have
published key data points for each of the
Top 25 B-schools.

-
NO PERCEPTION DATA IS USED FOR ARRIVING AT
MBAUniverse.com Rankings.

Input scores are based on following key sub-parameters:

-- Number of applications received
-- Quality of student intake via entrance
exam cut-off scores
-- Percentage of students admitted with professional
degrees (like CA/CS/medicine/engineering)
-- Work experience of students admitted

Process
scores are based on following sub-parameters:

-- Size & quality of full
time faculty: Quality of faculty is judged
on percentage of faculty with a PhD, their
teaching experience, and industry experience
where applicable.
-- Size and quality of visiting faculty
-- Industry exposure: Based on quantity and quality
of industry speakers visiting campus
-- Physical infrastructure: Residential campus
(that promotes holistic learning) is given
higher weightage than non-residential

Output scores are
based on following sub-parameters:

-- Placements performance:
As measured by percentage of students placed
and their median salary
-- Academic output: As determined by the number
of research papers, consultancy assignments,
and MDPs
Please refer to our detailed research methodology
note (below) for more details.

Dr. Bakul Dholakia is currently
an advisor to the Adani Group. Prior to
joining Adani Group, he was director of
IIM Ahmedabad. He has 40 years of professional
experience including 34 years at IIM Ahmedabad.
In 2007, Dr. Dholakia was awarded Padma
Shri in recognition of his distinguished
services in the field of education.

Dr. Dholakia occupied the
Reserve Bank of India Chair from 1992 to
1999, served as the dean from 1998 to 2001
and as the director of the Institute from
2002 to 2007. Dr. Dholakia has been a major
motivator and a guiding force behind numerous
initiatives & expansion of activities
at IIMA. His vision and strategic leadership
have contributed to IIMA's enhanced international
image and global recognition. He is widely
recognized for his contribution to management
education in India.

Dr.
Rajesh Shukla

Former
director, NCAER Center for Macro Consumer
Research

Dr. Shukla
is one of India's leading authorities on research
for public policy and consumer behaviour.
He has authored seven books, more than 25
research reports, a number of research papers
and popular articles. Some of his distinctive
publications include – ‘First India Science
Report’ (released by Prime Minister Dr. Manmohan
Singh) and ‘How India Earns, Spends and Saves’
(released by Sri Montek Singh Ahluwalia).
He is a regular speaker at London School of
Economics (LSE).

.

Survey Methodology Overview

MBAUniverse.com
B-school Survey 2013

Research
Methodology Note

November 27, 2012

Any research output is as credible as the
methodology and data behind it. Understanding
that a very large number of candidates will
base their critical decision with respect
to selection of B-school for taking admission
on MBAUniverse.com B school rankings, we were
very sensitive towards both the aspects: methodology
and data.

We started the 3nd annual
MBAUniverse.com B-school Survey 2013 by seeking
guidance and inputs from our distinguished
advisory body consisting of Dr. Dholakia and
Dr. Shukla. Our advisory body formulated the
overall context & mission for the survey
to create a highly credible B-school ranking
that helps three key stakeholders: MBA students
(current and prospective), recruiters and
B-schools. The MBAUniverse.com Intelligence
Unit conducted the data collection and analysis
under the guidance of Dr. Shukla.

RESEARCH
METHODOLOGY:

The most critical aspect of any methodology
is that the same should be based on data and
hard evidence and should be devoid of any
kind of subjectivity. As ranking B-schools
involves quantifying a lot of qualitative
information, it is very important to ensure
that any subjectivity or bias is not allowed
to creep in.

Across all phases of the project,
adequate precaution was taken to ensure that
the ranks are based on data, and not merely
perceptions.

Step 1: Generation of parameters

The
parameters that make a good B-school should
be decided by the key stakeholders of this
eco-system and can’t be left at the mercy
of the intellect of the researcher or on-desk
research. One of the common problems of the
research has been that those doing research
believe that they “know” the parameters –
which, data suggests, is almost always incorrect.
Keeping this in mind, we conducted an extensive
survey wherein an exhaustive (laundry) list
of all parameters that the stakeholders believe
make a good B-school was drawn. The next obvious
challenge was to reduce this list to ensure
that co-related parameters were taken care
of. However, this by itself is a mathematically
tedious process!

Step
2: Selecting the most important parameters

Having
identified the attributes, a Principal Component
Analysis was used to reduce this list to most
important components that explain maximum
variance.

Step
3: Arriving at weights of parameters

The
regression technique was used to arrive at
weights of these parameters based on last
year's data. Since the context is dynamic
and things could have changed from the last
year, all B-school directors were asked to
state the weights to all parameters as well.

The weights arrived at, based
on the regression of last year's data, were
further fine tuned based on the stated weights
of B-school academic leaders, giving equal
weight to all of them at every level. Not
surprisingly, minor aberrations were found
in the two and data suggests that these were
because of the dynamism of context (change
in preference over previous years).

As a result of this step,
we were able to arrive at final weights of
various parameters.

So, data suggested that the
final rank was a function of Input, Output
and Process (IOP) parameters. It may be noted
that MBAUniverse.com was the first one to
use this methodology, which is clear from
the published material available in public
domain for over one year now. Not surprisingly,
in 2011 & 2012, other publications and
ranking organizations tried to copy this methodology.

MBAUniverse.com is committed to
help MBA aspirants take correct admission decisions
by providing authentic information. To offer total
transparency and better understanding of our survey,
we are sharing important data points used to analyse
and rank top 20 B-schools. As you can see from the
table below, a B-school may perform very well on a
parameter (say number of faculty), but its overall
ranking maybe lower because it fails to perform as
well on other parameters (CAT cut-off or placements).
High relative performance in all three parameters
-- quality of input (students), process (faculty &
academic infra) and output (placements) makes a holistic
B-school.

Rank

Institute
Name

No.
of Application received (2012-13)

Permanent
Faculty

Visiting
Faculty

Total
Seats (2012-13)

Median
Domestic Salary (Rs. Lakh)

Cut-off_CAT*

Cut-off_Other
Exams*

1

INDIAN
INSTITUTE OF MANAGEMENT - AHMEDABAD

173886

85

73

381

14**

99

NA

2

INDIAN
INSTITUTE OF MANAGEMENT - CALCUTTA

200,000

92

99

462

18

99

NA

3

INDIAN
INSTITUTE OF MANAGEMENT - LUCKNOW

204345

79

148

407

15.5

90

NA

4

XLRI
JAMSHEDPUR

55749

66

15

240

15.5

NA

92
- XAT

5

NARSEE
MONJEE INSTITUTE OF MANAGEMENT STUDIES,
MUMBAI

56099

76

68

338

12

NA

93-
NMAT

6

FACULTY
OF MANAGEMENT STUDIES (FMS),DELHI

45618

33

18

226

16.34

99

NA

7

INDIAN
INSTITUTE OF MANAGEMENT, INDORE

166457

43

39

453

12.5

90

NA

8

MANAGEMENT
DEVELOPMENT INSTITUTE - GURGAON

17120

72

26

239

13.65

99

NA

9

S
P JAIN INSTITUTE OF MANAGEMENT &
RESEARCH, MUMBAI

16354

64

65

228

15.2

92

92
- XAT

10

INDIAN
INSTITUTE OF MANAGEMENT, KOZHIKODE

178579

59

23

356

12.37

75

NA

11

JAMNALAL
BAJAJ INSTITUTE OF MANAGEMENT STUDIES,MUMBAI

100000

5

89

120

14.9

100

99.86
- MAH CET

12

DEPARTMENT
OF MANAGEMENT STUDIES (IIT DELHI),
NEW DELHI

2500

14

13

46

12.5

99

NA

13

INDIAN
INSTITUTE OF FOREIGN TRADE (IIFT),
NEW DELHI

45000

50

27

204

10.2

NA

97.40
- IIFT

14

NATIONAL
INSTITUTE OF INDUSTRIAL ENGINEERING,
MUMBAI

8420

44

13

216

10

98

NA

15

INSTITUTE
OF MANAGEMENT TECHNOLOGY (IMT), GHAZIABAD

16000

63

58

448

7.8

92

92
- XAT

16

INTERNATIONAL
MANAGEMENT INSTITUTE (IMI), NEW DELHI

9998

63

29

179

8.9

90

NA

17

XAVIER
INSTITUTE OF MANAGEMENT, BHUBANESWAR

17007

52

21

180

10.83

94

94
- XAT

18

BIMTECH,
GREATER NOIDA

9719

76

43

180

6.8

85

85
- XAT

19

T.
A. Pai Management Institute (TAPMI),
Manipal

5600

39

35

302

8

86

86
- XAT

20

SIMSREE, MUMBAI

45,000

14

67

180

9.46

NA

95 - MAH CET

* NA stands
for Not Applicable

**According to IIM A IPRS
(http://www.iimahd.ernet.in/iprs/gallery/IIMA_IPRS_PGP_Finals_2012.pdf)